Snippets from Tippett

Snippets from Tippett

Mortgage Loans Get Harder To Come By as Lenders Tighten Standards: I have fielded numerous calls over the past month regarding this issue. IN some cases, lending ceased overnight. As an example, Banks & Nonbank lenders stopped originating loans over $601,450 in Fairfield County. Chase announced they are only offering financing to people with 700+ fico scores & at least 20% equity in the home (purchase or refinance). Now more than ever, it is crucial to contact your trusted mortgage advisor if you are contemplating purchasing or selling. Stay Informed.

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